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Dubai said the partnership will go a long way to achieve its goal of getting 90% of financial transactions fueled by cashless technology<\/a> by 2026.<\/p>\n The government of Dubai has signed an agreement with crypto exchange Crypto.com to launch crypto payments for government services.\u00a0<\/p>\n The agreement, formalized during the Dubai fintech Summit on May 12, is part of Dubai\u2019s cashless strategy, which hopes to foster the city\u2019s transition to \u201ca fully digital, cashless society,\u201d by introducing \u201ca new digital payment channel across its official platforms,\u201d the Dubai Department of Finance (DOF) said<\/a> on May 12.<\/p>\n Once the service goes live, individuals and business customers of government entities can pay service fees with crypto through Crypto.com\u2019s digital wallets. The payments will be converted into dirhams and transferred to DOF accounts, according to the DOF.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n